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Today's Mortgage Terms starting with M

Margin:

The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.

Market Value:

The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.

Mortgage Banker:

A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.

Mortgage Broker:

A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.

Mortgage Insurance:

It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).

Mortgage Loan:

A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.

Mortgage Refinance:

A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.

Mortgagee:

The lender in a mortgage loan relationship. Property is used as collateral to make payment.

Mortgagor:

The borrower in a mortgage loan relationship. Property is used as collateral to make payment.

View all Terms
Susquehanna mortgage rates news:
Financial News
Two years later, Google trying to turn YouTube into big-time ... - San Francisco Gate
Wednesday, October 8, 2008 NYC National Debt Clock runs out of digits 10.08.08 Fed slashes interest rates, but stocks lose again 10.08.08 Mixed reaction to McCain's mortgage solution 10.08.08 Two years later, Google trying to turn YouTube into big ...

Green Tech - CNET News
Last week, the Bush administration proposed a three-page bill to bail out Wall Street to the tune of $700 billion. It died in the U.S. House of Representatives earlier this week. On Friday, though, the House approved a far bigger, broader, and ...

Takeover may boost economy - Carroll County Online
Local experts say the mortgage market and overall economy may be more stable in the long run now that the government has officially backed the troubled mortgage lenders Fannie Mae and Freddie Mac. “The mortgage market is such a vital industry, the ...

Nike beats Street, shares rise on U.S. sales - Guardian Unlimited
SAN FRANCISCO, Sept 24 (Reuters) - Nike Inc's quarterly earnings beat Wall Street estimates as the world's largest athletic footwear and apparel company reported robust U.S. sales and orders growth, sending its shares up 5 percent. Slowing growth in ...

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sources: informars.com, erate.com, Freddie Mac
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